Transitioning between jobs can be an exciting phase, filled with new challenges and opportunities. If you’re among those who embarked on new career paths in 2022, understanding your tax obligations is crucial to staying compliant. This article is tailored specifically for Filipinos who switched jobs last year, guiding you through… Read MoreSwitched Jobs Last Year? Pay your Taxes using 1700
It’s that time of year again where we start thinking about our annual income tax return. As a taxpayer in the Philippines, it’s important to know the different forms you may need to file to and to make sure you file your returns accurately and on time. Let’s go through… Read MoreThe Complete List of All the BIR Forms You Need to Know for Q1 & Q2 2023
We Made an Annual Tax Filing Compliance To-Do List So You Don’t Have To It does not matter if you’re a seasoned independent professional, a highly-operating business, an agile corporation–annual compliance can be a taxing experience. Most especially for newly minted freelancers, SMEs and corporations! That said, we are here… Read MoreYour Annual Tax Filing Compliance Checklist
As a freelancer or business owner, filing your taxes is one of the most important things that you need to accomplish. And in this digital era, you can easily accomplish this with the BIR online registration via eServices. How do I file taxes online? If you want to file taxes online, you… Read MoreBIR Online Registration and Tax Filing Under TRAIN
SMEs are mostly hit during a time of crisis – whether it’s economic or health in nature. For one, the Coronavirus pandemic has prompted the government to extend the Luzon lockdown. Add to that is the challenge to file and pay the annual income tax return or ITR on time.
Read MoreHow to Make your Business Covid-19 Proof (And Still Pay Your BIR Annual Income Tax)
In this episode of Tax Tips Tuesdays, Ej and Ginger Arboleda and Marv de Leon discuss how to register your business as a professional (from doctors, lawyers, dentists, photographers, wedding planners to freelancers). In particular, they answer this question from a viewer: “If I have a small business that is… Read MoreHow to Register Your Business as a Professional (Tax Tips Tuesdays Ep. 2)
In this inaugural episode of Tax Tips Tuesdays Episode 1, husband & wife/co-founders of Taxumo.com, Ej and Ginger Arboleda talk about the advantages of being a sole proprietor in the Philippines — in terms of business structure as well as taxes. When do we need to register as a Sole… Read MoreThe Advantages of Being a Sole Proprietor in the Philippines
Freelancing can be a life-changing experience. You get to enjoy cool perks like having control over your income and independence. But when it comes to BIR online filing, you might have lots of questions to ask. Registering your gig with the BIR is an absolute must if you want your career… Read MoreBIR Online Filing Guide: How Filipino Freelancers can Register for Taxes
In what ways can you make filing your taxes easier? Keep track of all your tax documents Make use of tax filing software Manage your time wisely Separate your personal and professional expenditures Only a handful of people are able to say that they genuinely enjoy filing their taxes. Others… Read MoreAll You Need to Know to Make Filing your Taxes Easier
What mistakes should be avoided when filing freelance taxes in the Philippines? Presenting incomplete and incorrect data Miscalculating the tax due Not declaring every income earned Missing the deadline Filing taxes as a freelancer in the Philippines can be difficult and confusing. Plus, the introduction of the TRAIN law certainly doesn’t help… Read MoreTax Filing 101: 4 Mistakes You Shouldn’t Make